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Property profile & analytics
FOR SALE
Residential income homes

3206 Old Buffaloe Rd Raleigh, NC 27604

Property ID
US53-2136775
Property summary
AI-generated overview

This exceptional 1.6-acre property at 3206 Old Buffaloe Rd, Raleigh, NC 27604, presents a rare commercial investment opportunity. Currently featuring a 1,028 square foot house leased month-to-month, the site is zoned for diverse development. The property's location off Capital Boulevard, within the area of influence of Raleigh's Capital North Corridor Plan and Comprehensive Plan amendments, promises significant future growth. These plans call for major investments along Capital Boulevard between I-440 and I-540, creating a positive impact on this prime location. The zoning allows for substantial development, including up to 81 residential units, 62,000 square feet of office space, and 26,000 square feet of retail space. The possibilities are extensive, making this an ideal site for builders, investors, and developers seeking a high-potential project. The seller is also open to leasing options. This is a truly unique chance to acquire a strategically located commercial property with immense upside potential in a rapidly developing area of Raleigh, Wake County. The property's versatility and prime location make it an exceptional investment opportunity.

Property profile
Verified
Property type Residential income homes
UPID US53-2136775
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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